185 Pine Tree Ln, Mcdonough, GA 30252
3 beds · 2 baths · 1,514 sqft
Welcome to 185 Pine Tree Ln! This delightful 3-bedroom, 2-bathroom single-level ranch, perfectly situated on a corner lot in a well-established, quiet neighborhood. This home boasts a spacious and inviting floor plan, ideal for first-time homebuyers or anyone looking for comfortable, single-level living. Step inside to find a bright living room with vaulted ceilings, a stunning stone fireplace, and built-in shelves that serve as a captivating focal point of the room. The generous-sized kitchen offers plenty of cabinet space for all your storage needs, and the adjacent breakfast area provides a cozy spot for morning coffee or casual meals, with easy access to the back deck. The large back deck overlooks a fenced-in backyard, perfect for pets or outdoor activities, and is surrounded by mature trees that offer plenty of shade and privacy. The master bedroom is a true retreat, featuring a walk-in closet with custom built-in shelving and an ensuite bathroom complete with a relaxing garden tub. The two additional bedrooms are well-sized, perfect for family, guests, or a home office. Additional highlights include a two-car garage equipped with built-in cabinets, a workshop countertop, and a pegboard for tool storage and organization. The garage also has a 220/240-volt outlet, once used for a pottery kiln, providing ample opportunities for hobbyists or DIY enthusiasts. Recent updates provide peace of mind for new homeowners, including a roof and HVAC system only 4 years old, a completely upgraded septic system in 2023, and brand-new insulation added to the attic, and a 10 year termite treatment in place. Don't miss the chance to own this charming home with so much to offer. Schedule a showing today!
Source: GAMLS #10366064
Source: GAMLS #10366064
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
What is Roam?
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
What is an assumable mortgage?
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
Why is an assumable mortgage valuable?
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
How can you find assumable mortgage listings?
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Get Notified” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
How do I qualify for an assumable mortgage?
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
MLS ID: #10366064